Provision of loans to its members is the main business of RUSHERE SACCO and it is what is demanded most by its members. Since its inception RUSSO’s operations, a market research was done.

  • Should be a member with Rushere SACCO

  • Should have operated an ordinary savings account for at least 3 months

  • Collateral Securities, 2 guarantors Bank and home guarantors (where applicable), spouse consent (if applicable)

  • Should be in areas of our operation.

  • Interest rate is 3% per month calculated on reducing balance method.

  • Loan period of 1 months to 24 months.

  • Interest rate is 3% per month calculated on reducing balance method.

  • Minimum amount of 100,000 and maximum of 50,000,000 for individuals

This region has no reliable transport means and this product is offered to help members with quick means of transport. The SACCO buys the vehicles after the member has completed all necessary procedures. The minimum loan is 2,500.000/= while the maximum is 50.000.000=, for a period of 6 to 12 months. The interest rate e is 3% per month on reducing balance basis.
A client has to buy 10 shares only.
A client pays 40% of the total cost of a motorcycle and the institution pays the top up.
A client pays for the money we gave in as a top up.
no grace period is given on this product.